News
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Government presents tax-free budget
KINGSTON, Jamaica, CMC – The Jamaica government has presented a J$521 billion (One Jamaica dollar = US$0.01 cents) tax free budget to Parliament with Finance Minister Dr. Peter Phillips indicating that the aim of the Portia Simpson Miller administration is to collect outstanding taxes and remove some distortions such as zero-rated electricity charges. “You will note and no doubt the…
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IMF predicting continued economic growth for Belize
BELMOPAN, Belize, CMC – The International Monetary Fund says Belize is expected to see economic growth in 2013 after the country experienced economic activity last year as a result of a strong rebound in agriculture and services. Gerardo Peraza, who headed an IMF mission to the Caribbean Community (CARICOM) country to conduct its yearly review of the country’s economy, said…
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Guyana sweeps awards at regional tourism conference
PORT OF SPAIN, Trinidad, CMC – Guyana has dominated the Caribbean Tourism Organisation (CTO) /TravelMole Sustainable Tourism Awards. For the second consecutive year, Guyana won three of the six awards at the awards ceremony at STC-14 that ended here on Thursday night. The 2013 awards comprised six categories covering all aspects of sustainability, from overall excellence, to accommodation, community, heritage…
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Guyanese doctor makes TIME Magazine list
News Americas, NEW YORK, NY: Guyana-born HIV Expert, Dr. Deborah Persaud, has made the Time Magazine list of 2013 World List of ‘Top 100’ Influential People. Persaud, a top researcher at Johns Hopkins Pediatric, was propelled into the spotlight in early March when she and colleagues Hanna Gay, M.D., of the University of Mississippi Medical Center, and Katherine Luzuriaga, M.D.,…
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American Airline plane given green light to fly to Miami
PORT OF SPAIN, Trinidad, CMC – An American Airlines plane left here four and a half hours late on Thursday after security officials here said they had been alerted to a “strange” package placed on board the airline. A statement from the Airport Authority of Trinidad and Tobago (AATT) said that American Airline Flight 2282, which was on its way…
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CAL’s constant indebtedness
PORT OF SPAIN, Trinidad – Just six years after it was created to replace its debt-ridden predecessor, BWIA, state-owned Caribbean Airlines (CAL) is facing severe financial turbulence. There are reports of a $500 million debt that the airline is seeking to address with long-term financing from local banks. The carrier’s latest financial statements show that CAL’s losses almost doubled from…
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T&T, Guatemala signs Aide-Memoire
PORT OF SPAIN, Trinidad – After two days of extensive dialogue and negotiations, T&T and Guatemala have concluded their final round of negotiations with the signing of an Aide-Memoire on Wednesday at the Ministry of Trade in Port-of-Spain. The Aide-Memoire summarised the items discussed, amended and agreed to over the two-day negotiating period. Present to oversee the signing was the…
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